SEOUL, South Korea, Nov. 29, 2023 /PRNewswire/ — SGO, a Korean oil-less bearing manufacturer, is expanding its business to the Indonesian and Southeast Asian markets by participating in MANUFACTURING INDONESIA 2023, an international manufacturing machinery, equipment, materials, and services exhibition held at Jakarta International Expo Kemayoran, Jakarta, Indonesia from December 6 to 9, 2023.

MANUFACTURING INDONESIA is Indonesia’s largest international machinery exhibition that provides a professional business platform for the manufacturing industry in Indonesia and Southeast Asia. SGO, a Korean company specializing in oil-less bearing, participated in MANUFACTURING INDONESIA 2022 and exported textiles, tile machinery, ships, construction machinery, etc. The exhibition ended successfully with interest and visits from customers in various industries.

By replacing the roller bearings used in PALM OIL MILL’s transportation machine wheels with oil-less bearings, SGO has achieved shortened maintenance periods and reduced costs. The brand SGO has been promoted not only in Indonesia but also in neighboring countries such as Malaysia and Papua New Guinea. SGO, which has been knocking on the door of the Southeast Asian market since 2018, once again confirmed Indonesia’s marketability through last year’s exhibition and decided to re-participate in MANUFACTURING INDONESIA 2023.

At MANUFACTURING INDONESIA 2023, SGO, a Korean oil-less bearing manufacturer, plans to introduce and export Self-Lubricating Multilayer Composite Bearings in addition to its current main export product, brass oil-less bearings. Self-Lubricating Multilayer Composite Bearings layer materials such as PTEE, polymer, and bronze onto steel-backing for use in printing machines, weaving machines, and construction equipment. SGIO plans to expand the range of bearing choices by introducing Dry Bearings, Pre-Lubricating Bearings, Bi-metal Bearings, and Bronze Wrapped Bearings to industry customers at the event.

Founded in 2000, SGO mainly manufactures oil-less bearings and with one-stop process facilities ranging from purchasing raw materials to casting, extruding materials, and bearing processing, SGO is a technology-competitive company with 16 patents at home and abroad, providing value to customers in various industries in more than 30 countries around the world, including major exporters and technology powerhouses such as the US, Japan, and Germany.

The upcoming events that SGO will participate in are as follows:

1. Indonesia

Manufacturing Indonesia 2023 (https://www.manufacturingindonesia.com/)

– Period: 2023.12.6-2023.12.9
– Venue: Jakarta International Expo, Jakarta, Indonesia

2. India 

1) PLASTIVISION 2023 (https://www.plastivision.org)

– Period: 2023.12.7-2023.12.11
– Venue: Bombay Exhibition Centre, Mumbai, India

2) EXCON 2023 (https://www.excon.in)

– Period: 2023.12.12-2023.12.16
– Venue: BIEC, Bengaluru, India

CONTACT: 
Email: [email protected]
Tel.+82-32-813-3401

Source : South Korean oil-less bearing manufacturer SGO to participate in the MANUFACTURING INDONESIA 2023

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

PALO ALTO, Calif., Nov. 29, 2023 /PRNewswire/ — Baraja, creator of the breakthrough Spectrum-Scan™ LiDAR technology, announces the availability of A-Samples of all the integrated components necessary to build a new-to-world Doppler RMCW Spectrum-Scan™ LiDAR for automotive integration.

A LiDAR has two main jobs to perform: measure distance (ranging) and steering a light (scanning), and it’s a complex system that integrates electronics, optics, photonics, advanced software algorithms for signal processing with the rigor of industrial quality and automotive cost and scale.

"Multiple heterogeneous sub-systems are contained in a LiDAR, this would require each sub-system’s integration via completely different classes of chips and using different processes. Baraja announces today that all the different chips and integrated components (Tx, Rx, Amplification, Processing and Steering) to build the highest performance LiDAR offering, including Doppler velocity, are now available as A-Samples for integration" said Federico Collarte, Baraja CEO, "we’ve made it really simple to plug-and-play the components to get the best performance LiDAR and the beauty of the solution is that the technologies developed to get to these chips self-reinforce and make possible further integration in the future".

Light amplification – the SOA

The Semiconductor Optical Amplifier (SOA) integrates the amplifier chip, together with a custom-developed high-efficiency Thermo-electric cooler into a hermetically sealed and automotive-grade package and it’s able to amplify the laser light to achieve the >200m range requirements, while being mass-produceable (chip process) and 50-80x smaller and lower power consumption compared to fiber amplifiers used by legacy 1550nm LiDAR, including Baraja’s own Off-Road first generation product.

Light emission and reception – the BOSA

The Bidirectional Optical Sub-Assembly (BOSA) integrates 3 types of chips in an automotive-grade, hermetically sealed and temperature controlled enclosure (3×3.5cm). These chips are: the laser chip (InP), the homodyne receiver chip (silicon photonics) and the TIA chips (silicon). These, plus micro optics and automotive-grade Thermo-electric coolers deliver an end-to-end solution to produce and receive the wavelength-tuneable laser light that is the hallmark of Spectrum-Scan™, so in a sense the BOSA also partially integrates the "steering" job of the LiDAR.

Development process

Developing optical sub-assemblies and "chips", if done well is about a 36-month process. "I’m pleased to share that now with our A-Samples available, we’re right on track to launching Spectrum HD 2025 C-samples/General Availability in 2025, and if you want to have access to this truly transformational technology it’s a great time to work together" said Cibby Pulikkaseril, Baraja CTO.

About Baraja

At Baraja, we move light so you can move mountains. For information please visit www.baraja.com/en/blog/power-of-integration

Source : Baraja announces availability of integrated components for new-to-world Doppler RMCW Spectrum-Scan™ LiDAR

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

CHT Security’s holistic approach empowers customers to respond swiftly to attacks, gain insights, and proactively prevent future incidents.

SAN ANTONIO, Nov. 29, 2023 /PRNewswire/ — Frost & Sullivan recently assessed the cybersecurity services industry and, based on its findings, recognizes CHT Security with the 2023 Taiwan Company of the Year Award. The company is a leading managed security service provider (MSSP) based in Taiwan and is at the forefront of the cybersecurity industry, offering various security services to meet the growing need for robust and dependable IT security solutions. CHT Security distinguishes itself as Taiwan’s sole MSSP that seamlessly integrates a security operations center (SOC) with managed detection and response (MDR) services. Specializing in cybersecurity solutions tailored to the telecommunications sector’s unique needs, the company adeptly addresses the industry’s growing security requirements.

2023 Taiwan Cybersecurity Services Company of the Year Award

CHT Security provides security validation services to ensure clients’ protection mechanisms function effectively. This helps clients confirm the robustness of their cybersecurity measures and identify any gaps or vulnerabilities that require attention. CHT Security continuously explores and implements emerging technologies such as IoT, operational technology, zero-trust architecture, and software-as-a-service, positioning itself as a valuable partner for clients seeking to secure cutting-edge technologies. This capacity for innovation and customization also adds a unique dimension to CHT Security’s service offerings.

Vivien Pua, cybersecurity senior industry analyst at Frost & Sullivan, observed, "CHT Security’s approach to building and strengthening brand equity centers on a commitment to cutting-edge technology, customer-centricity, and external validation and recognition. These factors collectively contribute to a positive brand image, trustworthiness, and competitiveness in the cybersecurity community."

CHT Security offers a wide range of solutions that cover the entire spectrum of cybersecurity challenges. Its extensive services cater to diverse security needs, establishing it as a one-stop destination for cybersecurity solutions. CHT Security’s SOC and MDR services, in conjunction with security orchestration, automation, and response (SOAR) technology integration and incident response (IR) playbook development, enhance organizations’ ability to detect, respond to, and prevent cybersecurity incidents efficiently, ultimately bolstering their overall security posture and resilience. CHT Security has served government organizations, over 200 large enterprises, and over 20,000 small and medium enterprises. Additionally, it conducts thorough testing of over 1,000 systems annually. This rich experience equips it with the knowledge and expertise to address its clients’ diverse and evolving cybersecurity challenges.

"CHT Security provides a unique value proposition through its telecommunications-centric solutions, the seamless integration of the security operations center and managed detection and response services, rigorous security validation, various top-notch in-house tool developments, and advanced threat detection capabilities. These distinctive offerings establish CHT Security as a competitive leader and innovator in the field, providing tailor-made solutions that precisely address the specific requirements of its clients," added Norazah Bachok, best practices research analyst at Frost & Sullivan.

Each year, Frost & Sullivan presents a Company of the Year Award to the organization that demonstrates excellence in terms of growth strategy and implementation in its field. The award recognizes a high degree of innovation with products and technologies, and the resulting leadership in terms of customer value and market penetration.

Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

Contact:
Tarini Singh
P: +91-9953764546
E: [email protected]

About CHT Security
CHT Security is the leading MSSP in Taiwan providing telco-centric solutions and comprehensive cybersecurity services. CHT Security now increases its market presence expands its operations overseas to regions such as Thailand, Vietnam, America, and South Africa. For more information please visit www.chtsecurity.com.

Contact
Karen Chen
P: [email protected]
E: +886 2 2343 1628

Source : CHT Security Applauded by Frost & Sullivan for Its Market-leading Position and Helping Organizations Bolster Their Overall Security Posture and Resilience

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

TAIPEI, Nov. 29, 2023 /PRNewswire/ — Crescendo Lab, a leading MarTech company in Taiwan, renowned for its expertise in managing LINE Official Accounts, announced a groundbreaking initiative at product launch event on the 28th. The company, a key player in marketing and conversational interaction solutions, introduced the "More Than LINE" strategy, integrating Google BigQuery (BQ) to establish a data center for rapid data integration, analysis, and application. Additionally, Crescendo Lab will launch a cross-channel conversation solution to manage messaging across platforms like LINE, Facebook, Instagram, and WhatsApp aiming to achieve seamless communication in line with the global trend of customer-centric experiences.

Crescendo Lab held a product launch event on the 28th, announcing the introduction of a new solution, "More Than LINE".

Efficiency Through Centralized Data: From Integration to Analysis

In response to the growing demand for personalized marketing, businesses are increasingly integrating various data sources to understand consumer behavior. Crescendo Lab, traditionally known for API and webhook integration services, has elevated its capabilities by introducing Google BigQuery to create the "Crescendo BQ Database". This move centralizes data and enhances efficiency, offering 5 major advantages such as low technical barriers, low development costs, high processing performance, high flexibility, and the ability to handle large-scale data.

Data collected by Crescendo Lab’s trusted LINE marketing tool, MAAC (Messaging Analytics & Automation Cloud), will be stored in the Crescendo BQ Database. This includes consumer identity and behavioral data, such as attributes (birthday, gender, email, etc.), tags, message opens and clicks, and Google Analytics purchase events. With a simple connection to the database index, businesses can import the necessary data into Customer Data Platforms (CDP), Customer Relationship Management (CRM) systems, Marketing Automation(MA) tools, or Business Intelligence (BI) systems like Tableau and Power BI. This enables advanced applications such as cross-channel data analysis, detailed member segmentation, and automated journey design. The BQ Database facilitates faster data circulation and streamlines integration without complex engineering resources, significantly aiding businesses in understanding consumer profiles and providing more precise customer experiences, thereby creating greater business opportunities.

Crescendo Lab utilizes Google BigQuery to create a highly compatible and easily applicable database solution.

Beyond Single Platforms: Enabling Cross-Channel Customer Experiences

In addition to supporting businesses in "More Than LINE" through its data ecosystem, Crescendo Lab will enter the Meta universe in 2024 with a cross-channel conversation tool. Specifically targeting customer service and sales teams, this tool will facilitate businesses’ presence on popular platforms such as FB Messenger and IG Direct, widely used by Taiwan’s Generation Z. The company also plans to introduce WhatsApp conversation services for multinational businesses, allowing them to manage multi-channel messages on a single platform, ensuring consistent interactive experiences.

The Era of Ultimate Personalization in 2024: Integrating Data and Leveraging AI

Looking ahead to 2024, Crescendo Lab anticipates a growing demand for personalization and seamless experiences. To capture consumers effectively, achieving even more personalized and uninterrupted experiences is imperative. Data collection, integration, analysis, application, coupled with AI technology, and understanding different touchpoints are key to leading in this space. Leveraging its technical strength and successful experience as a LINE Gold Technology Partner, Crescendo Lab continuously updates and expands product features towards "More Than LINE." The announcement of the BQ Database and cross-channel conversation service is set to significantly enhance the efficiency of businesses in marketing, customer service, and sales.

Crescendo Lab Official Website：https://www.cresclab.com/en

Source : Breaking Boundaries: Crescendo Lab Elevates Conversational Marketing by Meta Expansion and BigQuery Data Solution

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

SEOUL, South Korea, Nov. 29, 2023 /PRNewswire/ — SGO, a Korean oil-less bearing manufacturer, is participating in the plastics trade fair PLASTIVISION 2023, which will be held at the Bombay Exhibition Center in Mumbai, India from December 7 to 11, 2023, and at the Bangalore International Exhibition Center in Bengaluru, India from December 12 to 16. SGO plans to participate in EXCON 2023, the largest construction equipment event, to showcase THEDVELON bearings and new high-load sintered bearings.

SGO entered the Indian market by participating in PLASTVISION 2011, and India has now become an important export country for SGO. SGO Korea’s high-load brass oil-less bearings are used in high-load and impact environments such as toggle-type injection molding machines and construction equipment. THEDVELON bearings used as sliding plates in injection machines are recognized for their quality and are widely used in the Indian plastic injection molding machine and construction equipment markets.

As inquiries and demand for oil-less bearings have increased, receiving great response from Indian buyers and industry officials, SGO Korea plans to engage with more Indian partners through PLASTVISION 2023 and EXCON 2023, aiming to expand its market size by catering to local customers.

This year, SGO, a Korean oil-less bearings specialist, completed the development of a high-strength Cu-Fe-based fully sintered oil-less bearing used in high-load conditions for customers who cannot afford expensive brass oil-less bearings. The newly developed high-load/high-strength sintered bearings will be introduced at EXCON 2023, expecting a positive market response due to their competitive price and easy maintenance.

Founded in 2000, SGO mainly manufactures oil-less bearings used in plastic injection molding machines, construction equipment, steel manufacturing facilities, and hydroelectric power plants. With one-stop process facilities ranging from purchasing raw materials to casting, extruding materials, and bearing processing, SGO is a technology-competitive company with 16 patents at home and abroad, providing value to customers in various industries in more than 30 countries around the world, including major exporters and technology powerhouses such as the US, Japan, and Germany.

The upcoming events that SGO will participate in are as follows:

1. India 

1) PLASTIVISION 2023 (https://www.plastivision.org)

– Period: 2023.12.7-2023.12.11
– Venue: Bombay Exhibition Centre, Mumbai, India

2) EXCON 2023 (https://www.excon.in) 

– Period: 2023.12.12-2023.12.16
– Venue: BIEC, Bengaluru, India

2. Indonesia

Manufacturing Indonesia 2023 (https://www.manufacturingindonesia.com/) 

– Period: 2023.12.6-2023.12.9
– Venue: Jakarta International Expo, Jakarta, Indonesia

CONTACT:

SGO Co., LTD.
Email: [email protected];
Tel.+82-32-813-3401

Source : South Korean Oil-less Bearing Specialist SGO to Exhibit New Products at PLASTIVISION 2023 and EXCON 2023

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

SYDNEY, Nov. 29, 2023 /PRNewswire/ — Mountain Assets, in collaboration with ALAMMC Developments PTY LTD, is excited to announce a significant fundraising initiative for a pioneering Specialist Disability Housing project in Bunbury, Western Australia. This project is a direct response to the substantial unmet demand for specialist disability housing in the region, addressing a critical shortage that affects thousands of Australians.

Bunbury: A Region in Need
Bunbury, known for its idyllic setting and strong community feel, is facing a severe shortage of housing suitable for NDIS participants. The project, located at 18 Halsey Street, South Bunbury, WA, is designed to cater to individuals with extreme functional impairment or high support needs. With over 395,000 individuals living with a disability in Western Australia, and a significant portion of them in need of specialized accommodation, this project is not just timely but essential.

A Vision for Inclusive Living
Set to be completed by July 2026, the Bunbury project will feature 20 purpose-built townhouses, offering a blend of comfort, independence, and community integration for its residents. These homes are not just living spaces; they are a testament to Mountain Assets’ commitment to enhancing the lives of people with disabilities.

Investing in Change
This fundraising initiative offers investors a unique opportunity to contribute to a project that is both financially rewarding and socially responsible. The project promises stable, government-backed rental income, with anticipated returns of up to 10% per annum, and a strong market demand for such specialized accommodation.

Join Us in Making a Difference
Mountain Assets invites you to be part of this transformative project. By investing in the Bunbury Specialist Disability Housing project, you are not only securing a financial return but also contributing to solving the critical shortage of disability housing in Western Australia.

About Mountain Assets
Mountain Assets is a leading Australian finance broker, renowned for pairing profitable outcomes with social impact. With a history of successful projects, Mountain Assets is dedicated to addressing the urgent need for suitable disability accommodation across Australia.

Contact Information

For more information about the Bunbury Specialist Disability Housing project and investment opportunities, please contact Mountain Assets at:

Phone: 1800 988 014 Email: [email protected] Website: www.mountainassets.com.au 

Source : Mountain Assets Spearheads Innovative NDIS Housing Project in Bunbury Amidst Critical Shortage

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

BRISBANE, Australia, Nov. 29, 2023 /PRNewswire/ — ORCODA Limited (ASX: ODA), a leading provider of integrated smart transport technology solutions, has been recognised for its exceptional growth by earning a coveted position on The Australian Financial Review’s Fast 100 list for 2023. This esteemed accolade is a testament to ORCODA’s commitment to growth, innovation, adaptability, and sustained excellence in booking people, parcels and goods onto the assets they travel in and on.

About the Australian Financial Review’s Fast 100 List

The Australian Financial Review’s Fast 100 identifies the fastest-growing companies in Australia. The list recognises Australian standalone companies that began trading before July 1, 2018, and recorded a minimum of $5 million in revenue in the 2022-23 fiscal year. Rankings are based on the compound annual growth rate (CAGR) of revenue over the past three financial years (verified by third party).

Notable companies that started as Fast 100 list members include Atlassian, Booktopia, Boost Juice, and Seek. The Fast 100 list is a hallmark of success and a celebration of companies that prioritise adaptability and innovation in their pursuit of growth.

About ORCODA

ORCODA is a leading provider of integrated smart technology solutions in transport logistics, workforce logistics, and transport infrastructure. Dedicated to optimising client operations and enhancing efficiencies, connectivity, and compliance, ORCODA aims to be a trusted partner in its clients’ digital transformation journey. With over 250 customers in transportation, healthcare transport, infrastructure, and resources sectors, ORCODA manages over 3 million transport movements annually for its clients.

ORCODA Highlights for 2023

In the fiscal year 2023, ORCODA achieved a total income of $20 million, with a substantial recurring revenue stream from Software as a Service (SaaS). The company reported $2 million in underlying EBITDA, achieving its target of profitable growth. The share price of ORCODA experienced a 2.5x increase in 2023 year-to-date, reflecting the company’s strong momentum and success in the digital transformation landscape.

Key highlights from 2023 include strategic partnerships and agreements with prominent organisations such as Aurizon, Comlink Australia, Kestrel Coal, Koala Cars, Northline, Refuelling Solutions, Teletrac Navman and Yurika.

ORCODA acquired Future Fleet in June of 2023, a prominent telematics and asset tracking company, which marks a major expansion for ORCODA in its capabilities and market presence in the fleet management industry.

Q&A with Geoff Jamieson, Managing Director of ORCODA

Q1: What factors have contributed to ORCODA’s remarkable performance over the past three years, leading to its recognition on the AFR Fast 100 list?

A1: ORCODA’s inclusion in the AFR Fast 100 is a testament to our outstanding performance, driven by organic growth in recurring revenues with major contract wins, strategic partnerships with channel partners such as Teletrac Navman, and the successful acquisitions and integrations of The Betta Group in 2020 and Future Fleet in 2023 (with contribution to commence from 1 July 2023).

Q2: How has the company’s journey unfolded, and what key factors have propelled it to its current position?

A2: Leveraging our many years of experience in optimising transport operations, ORCODA has built on that experience and achieved continued growth and efficiency for our customers. In the post-COVID market, a robust momentum toward digital transformation has emerged, and ORCODA’s commitment to innovation and adaptability has been pivotal to our sustained success. Our vision is to lead in developing the connected Smart Cities of the future.

Q3: ORCODA has capitalised on the post-COVID digital transformation surge. Do you foresee this trend continuing through 2024?

A3: The accelerated momentum for digital transformation has positioned ORCODA for sustained success, particularly with customers now ready to digitally transform their operations. Statistica projects an 83% increase in global spending on digital transformation technologies and services over the next 3 years, indicating a continued trend through 2024 and beyond.

Q4: The new ORCODA CONNECT App is an exciting development. Do you believe it will disrupt the vehicle pooling industry and vehicle rental industry?

A4: The ORCODA CONNECT App is poised to disrupt both the vehicle pooling industry and the vehicle rental industry by offering fleets a comprehensive end-to-end digital solution. With user-friendly booking, keyless unlock/start/lock features, and innovative anti-theft measures accessible through the app or portal, it stands out as a best-in-class innovation, and we believe it could change the vehicle rental market like how Uber changed the taxi industry.

Q5: Can you provide insights into ORCODA’s upcoming activities or projects in the pipeline for 2024?

A5: ORCODA has signed several material contracts this year with a healthy pipeline of works which bodes well for us to deliver robust growth for FY24. In addition to the implementation of a number of large contracts, we are focused on the commercialisation of the ORCODA CONNECT app, realising cross-selling and product integration synergies between ORCODA and Future Fleet, and 3G to 4G/5G solution upgrades for Future Fleet’s customers.

ORCODA’s inclusion in The Australian Financial Review’s Fast 100 list is a significant achievement, highlighting the company’s dedication to excellence, growth, and technological innovation. The entire ORCODA team is honored by this recognition and remains committed to driving positive change for our customers and continuing to deliver growth for our shareholders.

Source : ORCODA Ranks 54th in Australian Financial Review's Prestigious Fast 100 List

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network

First Saudi Arabian ETF listed in Hong Kong, offering global and regional investors unique Middle East exposure in Hong Kong ADT of Hong Kong-listed ETPs reached HK$14 billion YTD 2023, up over 20% year-on-year

HONG KONG, Nov. 29, 2023 /PRNewswire/ — Hong Kong Exchanges and Clearing Limited (HKEX) is pleased to welcome today (Wednesday) the listing of Asia Pacific’s first ETF to track Saudi Arabian equities – the CSOP Saudi Arabia ETF (Stock code: 2830 / 82830).

This ETF, which tracks the FTSE Saudi Arabia Index, provides investors with a new opportunity to invest in Saudi Arabia’s capital markets through a Hong Kong-listed ETF, further enhancing the global connectivity of Hong Kong’s ETF market. The new ETF complements a huge array of thematic and country specific ETFs listed in Hong Kong and will be the world’s biggest Saudi-focused ETF.

HKEX Co-Operating Officer & Head of Equities, Wilfred Yiu, said: "We are delighted to be the first exchange in Asia Pacific to provide investors with direct access to Saudi Arabia’s capital market opportunities through an ETF. This reflects HKEX’s ongoing commitment to connecting capital with opportunities, and to diversifying its range of products and investment opportunities on its markets. As the leading ETF marketplace in Asia, HKEX is committed to further driving the attractiveness of the market, and looks forward to welcoming further new products in the future, strengthening Hong Kong’s ETF ecosystem, and reinforcing the city’s role as a vital IFC."

As one of the fastest-growing segments in HKEX’s markets, the market capitalisation of Hong Kong’s Exchange Traded Products (ETPs), including ETFs and Leveraged and Inverse Products (L&I Products), has grown 20 per cent in the year to October 2023, totalling HK$355.43 billion.

The inclusion of ETFs in Stock Connect and the first listings of crypto asset ETFs in Hong Kong have further boosted the strong growth momentum and product diversity of Hong Kong’s ETP market since their introduction in 2022. The average daily turnover of ETPs for the first ten months of 2023 jumped over 20 per cent year on year, reaching HK$14 billion. As at 31 October 2023, 175 ETPs were listed on HKEX, with one third of ETP issuers on HKEX having introduced new products in the Hong Kong market during the year.

Further information about Hong Kong-listed ETPs is available in HKEX website.

Source : HKEX Welcomes APAC's First Saudi Arabian ETF

>

This content was prepared by our news partner, Cision PR Newswire. The opinions and the content published on this page are the author’s own and do not necessarily reflect the views of Siam News Network